Sometimes you can lose track of small or old super balances. Fortunately finding lost super is easier than recovering a ‘misplaced’ wallet at home.

It’s a good idea to consolidate your superannuation into one account as it will make it easier for you to have a clear investment strategy.

If you spent time working multiple casual or part time jobs you probably ended up with a few superannuation accounts. It is only recently that employees were free to have superannuation contributions go into an existing account.

Previously the employer would open a new account for you. Fortunately, you can now combine superannuation accounts, or in some cases cash out small balances.

If you’re getting a bit a superannuation advice or using a superannuation calculator to do some retirement planning, you should also do a search for missing superannuation. It’s dead easy and free, and you might be pleasantly surprised by what you find.

Here is how to find your missing superannuation:

Check with AUSfund and the ATO

Before 2014, small, inactive superannuation balances were transferred to AUSfund. The funds are held in owner’s name but combined with money from lots of different unclaimed accounts. You can check for your money at https://ausfund.com.au. You can claim and roll your money into another superannuation account if you find any that belongs to you.

Since 2014, superannuation balances have been sent to the ATO to hold. To check if they are holding any of your lost super, you will need to sign into the myGov website. Once you have an account, all you will need to check for missing superannuation is your TFN.

That’s it. All you need to do a quick search with AUSfund and with the ATO.

Combine your balances

If you do find superannuation, which belongs to you, can transfer the amount into your main superannuation account. Your current provider will be able to do this for you.

It’s a good idea to consolidate your superannuation into one account as it will make it easier for you to have a clear investment strategy. It also makes sense to keep your superannuation in the account with the lowest fees. Even small percentage difference have a huge effect on the amount you will have come retirement time.

Finding lost superannuation is quick and easy. Jump online now and search with AUSfund and the ATO.

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We have assembled practical information to help Australians young and old with saving tips and tools. Information for people starting out, approaches to your kids’ education in your 40’s, and when to start thinking about retirement planning.